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Ulziibat is 37 years old. She lives with her husband and 2 sons in Orhon province of Mongolia. Her husband works at a mining company in the summertime. In the wintertime, he produces shoes at home. Her 2 sons go to secondary school. Ulziibat is a hardworking and good natured person.

Mrs. Ulziibat has been running an organic fruit and vegetable retailing business since 2011, with working capital of 2,000,000 MNT. Now her working capital has increased to 3,000,000 MNT. Her business has improved and now she sells many kinds of organic fruits and vegetables. She imports high quality products. Her next goals are to enlarge her counter and then to open her own wholesale shop.

She requests 6,500,000 MNT to import more organic apples, watermelons and tomatoes from Selenge province to increase her working capital, then her transport costs will decrease.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,395.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,675 helped Ulziibat to import more organic apples, watermelons and tomatoes from Selenge province to increase her working capital.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 12, 2012
Sep 30, 2012
Currency Exchange Loss:
Nov 17, 2013